In the news from CNNMoney: Oil falls to $30/bbl. $1 trillion erased from stocks so far this year. OPEC members have war of words, may meet next month to discuss dropping production. Pennies and nickels cost more to make than they are worth. Nonprofit group now owns Philadelphia’s newspapers. Starbucks adding 1,400 stores in China. NFL favoring Chargers/Raiders for Los Angeles move.
On the Big Board:
The Dow Jones Industrial Average continued to reverse its direction from last week, moving up +0.72 percent, +117.65 points, to end at 16,516.22.
The NASDAQ gained +1.03 percent, adding +47.93 points, to end the day at 4,685.92.
The S&P 500 nudged up +0.78 percent, +15.01 points, to finish at 1,938.68.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +1.14 percent to finish at $1107.48. Tracked stocks we follow closed mixed or even. Skyline Corp. moved up more than other MH-related stocks, +3.83 percent, +0.14 points to close at $3.80. Killam Properies fell the most, -3.60 percent, -0.18 points, to end at $10.19.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $135.80 -0.04 (-0.03%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $194,000 +940. (+0.49%).
Carlyle Group (NASDAQ:CG) $13.40 +0.02 (+0.15%).
Cavco Industries, Inc. (NASDAQ:CVCO) $82.30 +3.00 (+3.78%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.68 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $56.03 0.00 (0.00%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $65.73 -0.21 (-0.32%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.59 -0.19 (-1.10%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.25 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $37.17 +0.78 (+2.14%).
Skyline Corporation (NYSE:SKY) $3.80 +0.14 (+3.83%).
Sun Communities Inc. (NYSE:SUI) $67.74 -0.22 (-0.32%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $44.96 -0.06 (-0.13%).
UMH Properties, Inc. (NYSE:UMH) $9.67 -0.14 (-1.43%).
Universal Forest Properties, Inc. (NYSE:UFPI) $64.50 +2.11 (+3.39%). ##
(Graphic credit:CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.